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来源类型Working Paper
规范类型报告
DOI10.3386/w21841
来源IDWorking Paper 21841
Human Capital Investment, Inequality and Economic Growth
Kevin M. Murphy; Robert H. Topel
发表日期2016-01-11
出版年2016
语种英语
摘要We treat rising inequality is an equilibrium outcome in which human capital investment fails to keep pace with rising demand for skills. Investment affects skill supply and prices on three margins: the type of human capital in which to invest; how much to acquire; and the intensity of use. The latter two represent the intensive margins of human capital acquisition and utilization. These choices are substitutes for the creation of new skilled workers, yet they are complementary with each other, magnifying inequality. When skill-biased technical change drives economic growth, greater inequality reduces growth.
主题Microeconomics ; Households and Firms ; Market Structure and Distribution ; Labor Economics ; Labor Supply and Demand ; Labor Compensation
URLhttps://www.nber.org/papers/w21841
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/579515
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GB/T 7714
Kevin M. Murphy,Robert H. Topel. Human Capital Investment, Inequality and Economic Growth. 2016.
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